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    Retail Barbershop with Attached Residence Title is generated by Realmo AI

    406 Live Oak Street, Marlin, TX 76661

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    For Sale
    $225,000

    SINGLE_FAMILY - Marlin, TX

    Type:Retail
    Property size:
    3,493 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $64/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 406 Live Oak Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    37262
    Size
    3,493 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    S3750 OAKES BLK 1 LOT 7B
    Tax Annual Amount
    2794

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Concrete, Tile
    Building materials
    Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Mercedes Lane

    Listing agent Mercedes Lane License #746855

    Listing office Agents Of Texas, LLC Waco, TX

    Listing date Jun 3, 2026

    MLS# 21288248

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Attached mixed‑use setup with a front commercial space operating as a barbershop and a rear residence available for lease
    • Approximately 2,400 SF commercial space (currently operating as a barbershop)
    • Rear residence offers 2 bedrooms and approximately 1,200 SF
    • Public water and public sewer service
    • Central heating and central air, with electric HVAC components
    • Concrete construction with a composition roof; flooring includes laminate, concrete, and tile

    Overview

    This mixed-use property combines a commercial storefront and an attached residential unit under one roof. The front portion includes approximately 2,400 SF of commercial space currently operating as a barbershop. The rear portion is an attached residence with roughly 1,200 SF and a 2-bedroom layout, which is available for lease.

    Located at 406 Live Oak Street in Marlin, Texas 76661, the property is situated in Falls County. The configuration allows the commercial space and residence to be handled as separate leasing opportunities while maintaining a single, connected site.

    For a tenant or operator, the barbershop suite provides a dedicated retail environment for a service business. For an investor, the attached home creates a practical way to diversify occupancy between retail and residential uses, rather than relying on a single income stream. The property may also be purchased individually or as part of a larger package of up to five additional investment properties, depending on buyer preference.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marlin
    County
    Falls
    State
    Texas
    Longitude
    -96.89216
    Latitude
    31.305941

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    FAQs

    What type of property is this?
    Mixed-use property - Front barbershop space and an attached 2-bedroom residence offer flexible mixed-use leasing arrangements.
    Where is this mixed-use property located?
    The property is located at 406 Live Oak Street Marlin, TX.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Attached mixed‑use setup with a front commercial space operating as a barbershop and a rear residence available for lease; Approximately 2,400 SF commercial space (currently operating as a barbershop); Rear residence offers 2 bedrooms and approximately 1,200 SF
    (817) 501-2996
    We can help!
    Listing Contact
    Mercedes Lane
    Real Estate License ID: 746855
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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